U.S. May Stop Sale of Jet Engines by GE Venture to China: DJ
U.S. May Stop Sale of Jet Engines by GE Venture to China: DJ
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The Trump administration is considering a proposal to stop the sale of jet engines made by a General Electric Co. joint venture to a new airliner in China, Dow Jones reported, citing a person familiar with the discussions.
The administration may not issue a license that would allow the venture with France’s Safran SA to export more LEAP 1C jet engines to China, the news wire reported, citing the person who wasn’t identified. The engines would be used to build the Comac C919 jetliner, part of a series of new planes, it added, with some in the administration concerned they could be reverse-engineered.
The new license is on the agenda for a meeting of administration officials Thursday, Dow Jones said. The White House and U.S. Trade Representative didn’t immediately respond to requests for comment on the report on Saturday.
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